Oregon Public Employees Retirement Fund Acquires 10,820 Shares of Simon Property Group, Inc. $SPG

Oregon Public Employees Retirement Fund boosted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 40.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 37,355 shares of the real estate investment trust’s stock after acquiring an additional 10,820 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Simon Property Group were worth $7,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in Simon Property Group by 68.8% during the second quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock worth $20,081,000 after buying an additional 50,932 shares during the last quarter. Highland Capital Management LLC acquired a new stake in shares of Simon Property Group in the 2nd quarter valued at approximately $1,196,000. Arrowstreet Capital Limited Partnership boosted its stake in Simon Property Group by 740.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 177,568 shares of the real estate investment trust’s stock worth $28,546,000 after acquiring an additional 156,448 shares during the last quarter. Capital Advisors Inc. OK grew its holdings in Simon Property Group by 0.5% during the second quarter. Capital Advisors Inc. OK now owns 393,756 shares of the real estate investment trust’s stock valued at $63,300,000 after purchasing an additional 2,064 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Simon Property Group by 4.4% in the third quarter. Asset Management One Co. Ltd. now owns 620,397 shares of the real estate investment trust’s stock valued at $116,430,000 after purchasing an additional 26,343 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $184.60 on Friday. The company has a fifty day moving average price of $183.78 and a 200 day moving average price of $177.04. The firm has a market cap of $60.27 billion, a PE ratio of 26.87, a PEG ratio of 8.82 and a beta of 1.37. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 9.59. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.13.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.13. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.41 billion. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were paid a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s dividend payout ratio (DPR) is presently 128.09%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Barclays raised their price objective on Simon Property Group from $180.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a report on Tuesday, October 14th. Evercore ISI increased their price target on Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a report on Friday, October 17th. Finally, Piper Sandler raised their price target on Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $191.54.

Insider Activity

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 480 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $89,280.00. Following the purchase, the director directly owned 53,639 shares of the company’s stock, valued at $9,976,854. The trade was a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Glyn Aeppel acquired 216 shares of the stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the acquisition, the director directly owned 19,481 shares of the company’s stock, valued at $3,623,466. The trade was a 1.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 2,192 shares of company stock worth $407,712. 8.66% of the stock is currently owned by insiders.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.